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| Exchange Disseminated Time | Dalmia Cement (Bharat) Ltd has informed BSE that the members at the 59th Annual General Meeting (AGM) of the Company held on August 26, 2011, inter alia, have accorded to the following :
1. Adoption of the Audited Accounts for the year ended March 31, 2011 and the Reports of the Directors and Auditors thereon.
2. Approved the payment of dividend as recommended by the Board of Directors for the year ended March 31, 2011, at the rate of Twenty Five Paise per Equity Share of Rs. 2/-each.
3. Re-appointment of Shri. J. S. Baijal & Shri Donald M. Peck as Directors of the Company.
4. Appointment of M/S. S.S. Kothari Mehta & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on remuneration, terms & conditions.
5. Appointment of Shri. B. B. Mehta as Director of the Company whose office is liable to be determined by retirement by rotation.
6. To issue and allot on a private placement basis or under a Letter of Offer, in the course of Indian/International Offerings in one or more foreign markets, Equity Shares, Preference Shares, Non-Convertible Debentures/Partially Convertible Debentures / Optionally Convertible Debentures / Indian Depository Receipts / Qualified Institutional Placement/Global Depository Receipts /American Depository Receipts/Special Promissory Notes/Bonds/Foreign Currency Convertible Bonds / Warrants, etc, ("Securities") and/or any securities convertible into Equity Shares at the option of the Company and/or holder of the Securities subscribed in Indian/Foreign Currency(ies) to Indian / Foreign investors (whether institutions and/or incorporate Bodes and/or promoters and/or individuals or otherwise) of value not exceeding Rs. 1,500 crores (equivalent to US $ 33.33 Million) which upon conversion of all securities so issued or allotted, could give rise to the issue of Equity Capital of an aggregate face Value upto Rs. 4 crore divided into 2,00,00,000 Ordinary Shares of Rs. 2/- each of the Company, such issue and allotment to be made at such time or times, in such tranche or tranches, at such price or prices at premium to market price or prices in accordance with the prevailing guidelines by the Securities and Exchange Board of India, in such manner as Board may, in its discretion think fit, in consultation with the Lead Managers and
Underwrites, and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions and approvals.
7. Approve that, in the event of a loss or inadequacy of profits, a minimum remuneration of upto an amount of Rs. 48 lacs per annum be paid to each of Shri Jai H. Dalmia, Shri Y.H. Dalmia, Vice-Chairmen of the Company and Shri Gautam Dalmia and Shri Puneet Yadu Dalmia, Managing Directors of the Company for the financial year 2010-11 and also for the financial year ending on March 31, 2012. |
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